Part V Other amendments of Company Law
Miscellaneous
138 Increase of limits on certain exemptions.
Part X of the M1Companies Act 1985 (enforcement of fair dealing by directors) is amended as follows—
a
in section 332(1)(b) (short-term quasi-loans) for “£1,000” substitute “£5,000”;
b
in section 334 (loans of small amounts) for “£2,500” substitute “£5,000”;
c
in section 338(4) and (6) (loans or quasi-loans by money-lending company) for “£50,000” substitute “£100,000”.